"update Intel Chief Executive Paul Otellini is expected to announce a massive layoff as soon as Tuesday that could eliminate as many as 10,000 jobs, CNET News.com has learned. The Santa Clara, Calif.-based chipmaker, having suffered several financially disappointing quarters, launched an internal analysis in April to find ways to increase its efficiency. Otellini is scheduled to announce the results of the analysis, including the layoff, on Tuesday after the stock market closes, sources familiar with the plans said."
Source and Full Article: Intel expected to cut thousands of jobs | CNET News.com
Comment: This coupled with dipdude's earlier news posting http://www.techenclave.com/forums/464172-post1.html is not good news for Indian Intel employees.
Source and Full Article: Intel expected to cut thousands of jobs | CNET News.com
Comment: This coupled with dipdude's earlier news posting http://www.techenclave.com/forums/464172-post1.html is not good news for Indian Intel employees.